Curated Wealth Partners LLC lowered its position in GE Aerospace (NYSE:GE – Free Report) by 97.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,816 shares of the company’s stock after selling 216,773 shares during the quarter. Curated Wealth Partners LLC’s holdings in GE Aerospace were worth $1,816,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC increased its holdings in GE Aerospace by 8.4% in the third quarter. WealthPlan Investment Management LLC now owns 10,026 shares of the company’s stock valued at $3,131,000 after buying an additional 780 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in GE Aerospace by 21.4% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,854 shares of the company’s stock worth $891,000 after buying an additional 504 shares during the period. Howard Financial Services LTD. raised its position in shares of GE Aerospace by 8.9% in the 3rd quarter. Howard Financial Services LTD. now owns 3,714 shares of the company’s stock worth $1,160,000 after buying an additional 305 shares during the period. Ashurst Perkins Coie Trust Co increased its position in shares of GE Aerospace by 17.9% in the third quarter. Ashurst Perkins Coie Trust Co now owns 580 shares of the company’s stock worth $181,000 after acquiring an additional 88 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of GE Aerospace by 46.5% in the third quarter. Mather Group LLC. now owns 47,968 shares of the company’s stock valued at $14,980,000 after buying an additional 15,226 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.
Key GE Aerospace News
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: Analysts and market commentators expect GE Aerospace to deliver solid third-quarter results, supporting renewed interest in the stock ahead of earnings. Investors are focused on revenue, profitability, orders and other operating metrics that could reinforce the company’s growth outlook. Why It’s Time To Load Up on GE Aerospace Stock GE Q3 Earnings on the Horizon
- Positive Sentiment: GE’s expansion plans are receiving government support. The company is investing roughly £27 million alongside up to £33 million in U.K. public funding to expand its Prestwick facility, protect about 850 jobs and create 150 more. The site supports engines used on Boeing 787 aircraft, strengthening GE’s long-term aftermarket business. GE Aerospace to invest in Prestwick expansion
- Positive Sentiment: GE Aerospace also plans to commit $400 million to sourcing and manufacturing activity in India, while a separate foundation initiative will invest $1 million in workforce training in the Dallas-Fort Worth area. These projects support capacity, talent development and regional government relationships. GE Aerospace commits $400 million to India sourcing
- Neutral Sentiment: Analyst coverage remains broadly constructive, with a reported average price target of $386.67 and Susquehanna maintaining a Buy rating with a $430 target. However, GE is also one of the market’s most-watched stocks, which may increase short-term volatility around earnings. GE Aerospace average target price
- Neutral Sentiment: GE’s chief executive is participating in discussions with U.S. officials on aircraft-certification reform. Faster certification could benefit aerospace manufacturers over time, but the immediate financial impact is unclear. Aircraft certification reform discussions
- Negative Sentiment: Deutsche Bank cut its GE Aerospace price target to $377 from $450, signaling reduced upside expectations even though the stock remains above that revised target. GE’s planned $11.75 billion acquisition of Consolidated Precision Products also raises execution and valuation risks, particularly with the stock trading at a premium earnings multiple. Deutsche Bank adjusts GE Aerospace price target
Insider Buying and Selling at GE Aerospace
In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
GE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $450.00 target price on shares of GE Aerospace in a research note on Monday, July 27th. TD Cowen restated a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. UBS Group raised their price objective on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Finally, Citigroup reissued a “buy” rating and set a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $386.67.
Get Our Latest Stock Report on GE
GE Aerospace Price Performance
Shares of NYSE:GE traded up $2.24 during trading on Thursday, reaching $309.26. The stock had a trading volume of 1,187,876 shares, compared to its average volume of 5,065,144. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market capitalization of $320.88 billion, a PE ratio of 36.44, a P/E/G ratio of 2.25 and a beta of 1.38. The business’s 50-day moving average price is $332.15 and its 200 day moving average price is $328.11. GE Aerospace has a 52 week low of $268.91 and a 52 week high of $388.84.
GE Aerospace (NYSE:GE – Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, equities analysts predict that GE Aerospace will post 7.91 earnings per share for the current year.
GE Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Monday, October 5th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s dividend payout ratio is presently 22.14%.
GE Aerospace Profile
GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.
The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.
GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.
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